The existence of diversified companies makes which of the following very difficult?

a. Comparison with industry norms
b. The preparation of interim financial statements
c. Use of more than one depreciation or inventory method
d. The compilation of segmented information


A

Business

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The following are costs for a selected period: direct materials put into production, $94,000; direct labor cost of converting materials into product, $200,000; total indirect costs of manufacturing the product, $40,000 . What is the per unit cost of manufacturing 20,000 units in this period?

a. $4.70 b. $16.70 c. $8.70 d. $12.70

Business

An after-the-fact flexible budget is used to compute what cost should have been for the actual level of activity

Indicate whether the statement is true or false

Business

Licensing refers to a business arrangement that occurs when the owner of intellectual property contracts to permit another party to use the intellectual property

Indicate whether the statement is true or false

Business

Which of the following statements about possessive-case pronouns is incorrect?

A) Some possessive-case pronouns are often confused with contractions. B) Possessive-case pronouns show ownership. C) Examples of possessive-case pronouns include hers, yours, ours, theirs, and its. D) ?Like possessive nouns, possessive-case pronouns have apostrophes.

Business